IGO Interactive Annual Report 2020

Our Purpose & Strategy Our Purpose, Making a Difference, drives everything that we do at IGO. We believe our reason for being stretches further than simply being a mining company. We want to make a positive contribution to the world by enabling the clean energy future through our work discovering and producing the metals which are critical to this revolution. Nickel, copper and cobalt are the key ingredients for high-performance batteries used in electric vehicles and grid-scale energy storage systems, as well as renewable energy generation such as solar and wind power. Through the work we do, we are helping the world transition to a low-carbon future, which will make the world a better place for generations to come. Our purpose is what drives and motivates our people as they go about their work to generate returns for our shareholders, while Making a Difference to our environment and our communities. IGO STRATEGY Our strategy is to become a globally relevant producer of metals critical to clean energy. This strategy recognises the opportunity IGO has to leverage its financial strength, highly capable team, diverse asset base and track record of success to become a leader in the discovery, development and operation of metal projects which will play an important role as the world progresses down the pathway of decarbonisation. In FY20, our strategy had a particular focus on growth to deliver mine-life extensions and new discoveries which provide value to our stakeholders. Our organic growth strategy is focused on exploration and discovery to unlock the mines of the future. We are actively pursuing step-change organic growth through our portfolio of belt-scale exploration projects in Australia and internationally. IGO has established a commanding position through our consolidation of an extensive ground position in the highly prospective Fraser Range, as well as belt-scale greenfield opportunities in Western Australia at the West and East Kimberley Projects and the newly expanded Paterson Project, in the Northern Territory at the Lake Mackay Project and the 100% owned Raptor Project, as well as the Frontier Project in Eastern Greenland. Our highly capable in-house team has a wide breadth of experience and expertise firmly aligned with our strategic focus on energy storage and transmission metals. We also have a focus on growing the business through disciplined mergers and acquisitions. Our team is highly active in assessing opportunities which are aligned with our strategy, targeting new clean energy metals projects which meet scale, mine life and quality metrics, while also delivering robust financial returns and strong Environmental, Social and Governance (ESG) credentials. We also remain determined to become vertically integrated by aligning ourselves with the supply chains for energy storage and renewable energy markets. During FY20 we continued to develop The IGO Process™, a proprietary, innovative processing technology that efficiently converts nickel sulphide concentrate into nickel sulphate, a key raw material for the clean energy and the electric vehicle battery market. We are assessing partnership and collaboration opportunities to leverage our proprietary technology into the battery precursor and cathode supply chain. Making a Difference We believe in a world where people power makes amazing things happen. Where technology opens up new horizons and clean energy makes the planet a better place for every generation to come. Our people are bold, passionate, fearless and fun – we are a smarter, kinder and more innovative company. Our work is making fundamental changes to the way communities all over the world grow, prosper and stay sustainable. Our teams are finding and producing the specialist metals that will make energy storage mobile, efficient and effective enough to make long-term improvements to the lifestyle of hundreds of millions of people across the globe. How? New battery storage technology is finally unleashing the full potential of renewable energy by allowing power produced from the sun, wind and other sources to be stored and used when and where it’s needed. This technology will impact future generations in ways we cannot yet imagine, improving people’s quality of life and changing the way we live. We believe in a green energy future and by delivering the metals needed for new age batteries, we are making it happen. We are the IGO Difference. Our strategy is focused on eight key imperatives which will drive success. SAFETY & WELLBEING We care about the health and wellbeing of our people and recognise that ensuring their safety at all times is the most critical element to our success as a business. OPERATIONS We are in control and committed to delivering on our promises. We continue to strive to optimise and maximise the assets through an enduring commitment to operational excellence. FINANCIAL We recognise that consistent financial performance will be a critical enabler to deliver on our strategy. PEOPLE We value our people and the importance of culture. We are bold, passionate, fearless, and fun – a smarter, kinder, more innovative team. ENVIRONMENT AND CLIMATE We care about the environment and we are committed to taking action on climate change initiatives. STAKEHOLDERS We demonstrate and deliver our distinctive value proposition to all our stakeholders. BUSINESS SUPPORT AND TECHNOLOGY We have ‘fit-for-purpose’ systems, processes, and technologies, while fostering a culture of continuous improvement. GROWTH We deliver transformational growth through discovery, vertical integration and M&A. VERTICALLY INTEGRATED Vertically integrated to produce battery grade chemicals and cathode precursors. Strategically focused on metals critical to clean energy Delivered by people who are bold, passionate, fearless and fun - a smarter, kinder, more innovative team. GLOBALLY RELEVANT Globally relevant supplier of metals that are critical to energy storage and renewable energy. QUALITY PRODUCTS Quality products desired by end users made safely, ethically, sustainably and reliably. PROACTIVELY GREEN Proactively green using renewables, energy storage and EV mining equipments to reduce carbon footprint. The IGO Strategy IGO ANNUAL REPORT 2020— 9 8 — IGO ANNUAL REPORT 2020